Company Number: 13156615

Analysis Date: 2025-07-20 16:37 UTC

1. Credit Opinion: DECLINE
   Quicktan Limited is a dormant private limited company with minimal financial activity since incorporation in 2021. It has no trading history, no employees, no revenue, and only nominal assets of £100 in debtors and share capital. The absence of operational data or cash flow generation creates significant uncertainty on its ability to service any credit facility. Without financial performance or trading track record, credit risk is very high. Therefore, credit approval is not recommended.

2. Financial Strength:
   The balance sheet is very limited in scale, showing only £100 in debtors and an equal amount in share capital. There are no liabilities, fixed assets, or working capital. The company is classified as dormant, so no trading results or profitability data exist. The net asset position equals share capital, indicating no retained earnings or reserves. Overall, the financial position is extremely weak and provides no cushion against financial stress.

3. Cash Flow Assessment:
   No cash flow from operations is evident due to dormancy. The company holds no current assets other than minimal debtors (£100), and no liabilities. Working capital is neutral at £100. Absence of cash inflows or earnings means liquidity is nonexistent. The company’s ability to meet short-term obligations or unexpected cash demands cannot be demonstrated.

4. Monitoring Points:

• Monitor for any future filing of trading accounts or changes in status from dormant to active.
• Watch for director changes or new PSCs that may indicate business activity or restructuring.
• Review subsequent annual accounts for any indication of business commencement or financial performance.
• Confirm no overdue filings or compliance issues arise that could elevate risk.